That's especially true with miners properlynumb.
Even gold producers pouring hundreds of ounces per week get jerked around by the price fix, and then the market makers.
On that note, it was interesting this last week to see demand overpower the fix. That really messed up the MM's!
Since they are both controlled largely by the big banks it should come as no surprise that when gold shot up to over $1236 again, gold stock prices were surprisingly dormant. Let it drop 10 bucks, and everybody saw a sea of red LoL!
The sub penny transitional miners are even easier to manipulate.
SGCP held up pretty well in the face of the factors described above. Add to that the fact that there are other ways to screw the sub penny crowd and it is even more remarkable.
Anybody that thinks an exploration stage company isn't going to sell shares to fund operations during the start up period isn't familiar with the process. That's how it gets done.
Most of that crowd never even see an ounce of gold produced from their own efforts, and many of them are in locations much more conducive to success than Sierra Leone Africa!
I don't believe anybody ever said SGCP was without risk.
We are producing gold and diamonds however, and I do see reasons for optimism.
The market is littered with unrequited expectations, some valid some not. All folks can do is their best DD and ride it out accordingly. We make money in spite of the market, not because of it.
GLTA !!
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